Dan Bodner - Aug 21, 2023 Form 4 Insider Report for VERINT SYSTEMS INC (VRNT)

Signature
/s/ Peter D. Fante, as Attorney-in-Fact for Dan Bodner
Stock symbol
VRNT
Transactions as of
Aug 21, 2023
Transactions value $
-$976,800
Form type
4
Date filed
8/22/2023, 04:50 PM
Previous filing
Jul 21, 2023
Next filing
Sep 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRNT Common Stock Sale -$977K -30K -2.88% $32.56 1.01M Aug 21, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to Rule 10b5-1(c) trading plan adopted by the reporting person on December 20, 2022.
F2 Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $32.33 to $33.01 per share.
F3 The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.